Media reports argue that the AI bubble in China is already bursting, with AI stocks losing nearly half a trillion in the past few months.
  • corsicanguppy@lemmy.caEnglish
    501·
    1 day ago

    This is how they win: everyone’s gonna pop, but their iron fist over the banks will prevent an absolute bust.

    We haven’t learned from fanny-mae and we’re gonna get soundly fucked.

    • BuckFutter@timeyak.comEnglish
      18·
      1 day ago

      Ohh they know whats coming, they just don’t care because they are in the big boy club, and we aren’t. It’ll be another firesale where private equity thats in the know will pick up devalued assets on the cheap

    • takeda@lemmy.dbzer0.comEnglish
      4·
      1 day ago

      We learned, we put mechanisms in place. We got people in power that actually wants this to happen so they steal even more wealth from us.

      I think there should be no bailouts.